KATHMANDU, June 24: The government has decided to provide the local governments with fiscal equalization grant worth Rs 16.99 billion allocated for the fiscal year 2023/24.

KATHMANDU, June 24: The government has decided to allocate 93 percent of the Fiscal Equalization Grant (FEG) to local governments. This decision comes just in time for municipalities, rural municipalities and metropolises to finalize their budgets.

HETAUDA, May 3: The fiscal equalization grant (FEG) allocated for the local governments in Makwanpur for the fiscal year 2023/24 has been reduced.

KATHMANDU, March 24: The National Natural Resources and Fiscal Commission (NNRFC) has proposed the fiscal equalization grant to be provided to the provinces and local governments in the upcoming fiscal year 2081-82 BS (2024-25) and recommended its implementation to the federal government. The grant is to be sourced from the Federal Consolidated Fund.